Multifamily Investment Opportunity With 14.6% Target Annual Return

·2 min read

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

CrowdStreet has launched a new offering for a value-add multifamily opportunity in the Seattle metropolitan area with a target internal rate of return (IRR) of 14.6%.

The property is known as Evergreen Grove Apartments, a 73-unit garden-style multifamily residential property located in Lynwood, Washington. The asset has significant upside potential through renovations, improved operations and increased rental rates.

Investment Highlights: The asset is being purchased off-market at a price of $226,000 per door with a total cost of $300,000 per door after renovations. This price represents a $35,000 per door discount compared to recent sales in the Lynwood market.

The sponsor is seeking to raise between a minimum of $4.5 million and a maximum of $5.2 million in equity to acquire the property and implement its repositioning strategy.

  • Minimum investment: $25,000

  • Target IRR: 14.6%

  • Target equity multiple: 1.9x

  • Target annual cash yield: 7.2%

  • Target investment term: 5 years

View more details on the Evergreen Grove Apartments offering on CrowdStreet.

Deal Sponsor: The opportunity is being offered by Amoroso Companies, a private, family-owned real estate investment and development company based in Los Angeles, California. Over the past 15 years, the company’s investment portfolio has included numerous hotels, commercial office buildings, self-storage facilities and over 4,000 multifamily units.

Want To Be the First To Know About New Investment Opportunities? Gain access to the same investment offerings on which institutions and billionaire investors are earning 20% to 30% or higher annual returns.

While real estate crowdfunding is giving individual investors access to private deals that have historically been out of reach, many of the most lucrative deals are fully funded before the average investor ever has a chance to get involved.

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Photo: Courtesy of CrowdStreet

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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